Point Fusion: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Point Fusion
Largest movements
- Cash -€31,726
down €31,726 (-47.9%), from €66,240 to €34,514
mainly Debts within one year (-€65,541) and Investment in fixed assets (net) (-€14,222)
- Receivables within one year -€4,508
down €4,508 (-2.2%), from €205,045 to €200,537
of which Other amounts receivable: -€3,525
- Tangible fixed assets -€3,322
down €3,322 (-7.5%), from €44,100 to €40,779
of which Plant, machinery and equipment: -€5,625
- Debts within one year -€65,541
down €65,541 (-25.8%), from €254,269 to €188,728
- Reserves +€31,991
up €31,991 (+166.3%), from €19,240 to €51,231
- Investment grants -€6,030
down €6,030 (-60.1%), from €10,036 to €4,006
- Staff costs -€136,678
down €136,678 (-36.1%), from €378,521 to €241,843
- Gross operating margin -€123,227
down €123,227 (-29.6%), from €416,476 to €293,249
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,901 | €285,315 | -€39,587 | -12.2% |
| Fixed assets | 21/28 | €52,660 | €48,799 | -€3,862 | -7.3% |
| Intangible fixed assets | 21 | €2,160 | €1,620 | -€540 | -25.0% |
| Tangible fixed assets | 22/27 | €44,100 | €40,779 | -€3,322 | -7.5% |
| Plant, machinery and equipment | 23 | €26,641 | €21,016 | -€5,625 | -21.1% |
| Furniture and vehicles | 24 | €10,352 | €7,132 | -€3,220 | -31.1% |
| Other tangible fixed assets | 26 | €7,108 | €8,387 | +€1,279 | +18.0% |
| Assets under construction and advance payments | 27 | - | €4,244 | +€4,244 | |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €272,241 | €236,516 | -€35,725 | -13.1% |
| Amounts receivable within one year | 40/41 | €205,045 | €200,537 | -€4,508 | -2.2% |
| Trade receivables | 40 | €4,001 | €3,018 | -€983 | -24.6% |
| Other amounts receivable | 41 | €201,044 | €197,519 | -€3,525 | -1.8% |
| Cash at bank and in hand | 54/58 | €66,240 | €34,514 | -€31,726 | -47.9% |
| Deferred charges and accrued income | 490/1 | €957 | €1,466 | +€509 | +53.2% |
| Total equity and liabilities | 10/49 | €324,901 | €285,315 | -€39,587 | -12.2% |
| Equity | 10/15 | €29,276 | €55,237 | +€25,961 | +88.7% |
| Reserves | 13 | €19,240 | €51,231 | +€31,991 | +166.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €10,036 | €4,006 | -€6,030 | -60.1% |
| Provisions and deferred taxes | 16 | €41,350 | €41,350 | = | 0.0% |
| Amounts payable | 17/49 | €254,275 | €188,728 | -€65,547 | -25.8% |
| Amounts payable within one year | 42/48 | €254,269 | €188,728 | -€65,541 | -25.8% |
| Trade debts | 44 | €16,982 | €7,559 | -€9,423 | -55.5% |
| Suppliers | 440/4 | €16,982 | €7,559 | -€9,423 | -55.5% |
| Taxes, remuneration and social security | 45 | €40,935 | €24,068 | -€16,867 | -41.2% |
| Remuneration and social security | 454/9 | €40,935 | €24,068 | -€16,867 | -41.2% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100.0% |
| Remuneration, social security and pensions | 62 | €378,521 | €241,843 | -€136,678 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,756 | €18,084 | -€673 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72 | - | -€72 | |
| Other operating charges | 640/8 | €1,830 | €978 | -€853 | -46.6% |
| Gross operating margin | 9900 | €416,476 | €293,249 | -€123,227 | -29.6% |
| Operating profit (loss) | 9901 | €7,296 | €32,344 | +€25,048 | +343.3% |
| Financial income | 75/76B | €1,395 | €78 | -€1,317 | -94.4% |
| Recurring financial income | 75 | €103 | €78 | -€25 | -24.0% |
| Non-recurring financial income | 76B | €1,292 | €0 | -€1,292 | -100.0% |
| Financial charges | 65/66B | €602 | €432 | -€171 | -28.3% |
| Recurring financial charges | 65 | €602 | €432 | -€171 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €8,089 | €31,991 | +€23,902 | +295.5% |
| Profit (loss) for the period | 9904 | €8,089 | €31,991 | +€23,902 | +295.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,089 | €31,991 | +€23,902 | +295.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.